GEE Group (NYSE:JOB) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of GEE Group (NYSE:JOB) in a research note issued to investors on Wednesday morning. The firm issued a buy rating on the stock.

GEE Group Stock Down 1.9 %

GEE Group stock opened at $0.36 on Wednesday. GEE Group has a 12 month low of $0.34 and a 12 month high of $0.63. The stock has a market cap of $38.83 million, a P/E ratio of 5.10, a P/E/G ratio of 1.20 and a beta of 0.53. The company’s fifty day simple moving average is $0.39 and its 200-day simple moving average is $0.49.

GEE Group (NYSE:JOB) last issued its earnings results on Tuesday, February 13th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). GEE Group had a net margin of 5.08% and a return on equity of 8.53%. The firm had revenue of $30.63 million during the quarter, compared to analysts’ expectations of $36.17 million. On average, equities research analysts expect that GEE Group will post 0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GEE Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC bought a new stake in GEE Group in the first quarter worth approximately $27,000. Virtu Financial LLC increased its position in GEE Group by 127.8% during the first quarter. Virtu Financial LLC now owns 71,225 shares of the company’s stock worth $39,000 after buying an additional 39,956 shares during the last quarter. Jane Street Group LLC bought a new position in GEE Group during the third quarter valued at about $75,000. Renaissance Technologies LLC lifted its position in shares of GEE Group by 630.9% in the second quarter. Renaissance Technologies LLC now owns 249,970 shares of the company’s stock worth $130,000 after buying an additional 215,770 shares during the last quarter. Finally, Ancora Advisors LLC boosted its stake in shares of GEE Group by 15.6% during the 1st quarter. Ancora Advisors LLC now owns 815,617 shares of the company’s stock worth $338,000 after acquiring an additional 110,000 shares in the last quarter. Institutional investors own 30.38% of the company’s stock.

GEE Group Company Profile

GEE Group Inc provides permanent and temporary professional and industrial staffing and placement services in the United States. The company operates through two segments, Industrial Staffing Services and Professional Staffing Services. It offers placement of information technology, accounting, finance, office, engineering, engineering professionals for direct hire and contract staffing services, and data entry assistants; and temporary staffing services for industrial clients.